Crowdfunding site Indiegogo launch ICOs for funding startups

International crowdfunding website Indiegogo announced that the company is getting into cryptocurrencies and initial coin offerings (ICO). You can now invest in the first initial coin offering pre-sale with Indiegogo and MicroVentures. The decision to plunge into the ICO industry is a big step for the company.

The new service will help ICO’s follow the law by registering them as securities in most cases. Small investors will be allowed to invest about $10,000 in most projects, and companies will be able to raise no more than $1 million from these investors, because of restrictions put in place by the 2012 JOBS Act.

Slava Rubin, co-founder of Indiegogo said, “We want to bring a brand of trust to the entire industry, which we think will bring ICOs to the mainstream.” Rubin said that Indiegogo was well-placed to run ICOs thanks to their global reach and compliance skills.

“We have 10 million monthly users and reach people in 232 countries and territories. We can amplify token sales to a broad community of accredited and non-accredited investors,” Rubin said.

Indiegogo would be fully compliant in launching token sales for investors who do not own cryptocurrencies and may invest directly in cash.